dchua1969

Confused ?Lost ? Dizzy ? What to do now ?

Long
CURRENCYCOM:CN50   China A50
In this 1H chart, you have 2 gaps , one on top and one below; both awaiting to be filled up. The question is WHEN ? I also dunno, haha.

Next, you see the price action is stuck in a sideway move with buy and sell opportunities , if you know how to spot it and trade it. Congrats if you are good at it as you can earn both ways !

So, the million dollar question is - are we to buy or sell now ?

I say wait for the price to break up or break down before making a decision though I am more inclined to breaking up. Why ? Day and 4H chart illustrates that it has broken out of the bearish trend line and China PMI data released yesterday was positive.

Comment: Congrats to those who longed
Comment: 12819 appears to be a fairly strong support. We are adding more longs here .
Comment: China needs to control the 3rd wave now that it has reopened the country. The sheer amount of people travelling domestically is a RISK by itself, never mind if they close the border. Watch tomorrow China's trade data.
Comment: Isn't Mr Market patient with us ? From 06 Apr to 22 Apr, it hovers at the support level ,12819 before it continues to go up. So, we have a window period of 16 days, 3 weeks to decide to follow Mr Market and long. Did you ?
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